Location

Victoria's Portland wind farm

The final stage of the Portland Wind Energy Project in
south-west Victoria was completed in 2015 with the support of
finance from the CEFC.

The Portland wind farm aims to generate enough electricity to
power just over 100,000 Victorian homes each year, equalling more
than five per cent of Victoria's residential electricity
demand.

The CEFC contributed to the development of stages two, three and
four of the Portland Wind Energy Project. Combined, these elements
are expected to produce more than 500 gigawatt hours of electricity
each year, while avoiding carbon emissions of around 590,000 tonnes
per annum.

In September 2013 CEFC committed $70 million in debt financing
to the Portland project, alongside a $158 million consortium of
domestic and international banks, towards the $361 million project.
The financing was for the construction of stage four and the
refinancing of stages two and three. The CEFC's finance was fully
repaid early as part of the sale of the Pacific Hydro group to
State Power Investment Corporation in January 2016.